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Author: Crypto Coins News

$270 Million: Chinese Firm Backs Overstock Blockchain Subsidiary in Record Investment

GSR Capital, a Chinese private equity firm is set to establish what would become the largest ever single investment in a blockchain platform. The investment by GSR Capital will see it acquire about 3.1 million shares of US-based Overstock, amounting to about 10% in overall shares of the company. A Fragmented Procedure As contained in … Continued

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Bitcoin Cash Lead Developer Banned From BCH Slack Channel

Bitcoin Cash lead creator Amaury Séchet has reportedly been expelled from the cryptocurrency’s Slack community following a dispute over his proposal to reduce transaction times using the “pre-consensus” framework. Prominent Bitcoin Cash promoter Roger Ver broke the news on a Reddit thread that attracted more than 800 comments. “Benevolent Dictator” of Bitcoin Cash Having been with … Continued

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5,000 Merchants Can Now Accept Cryptocurrency Payments in Chile

Chilean cryptocurrency exchange Crypto MKT has recently announced that the country’s citizens can now buy products and services with cryptocurrency from over 5,000 merchants through a new integration with a crypto payment processor. According to the announcement, a partnership between Crypto MKT and online payments platform Flow.cl allowed the merchants to add cryptocurrency payment options … Continued

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Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief

Hyun Song Shin, Economic Adviser and Head of Research of the Switzerland-based Bank for International Settlements (BIS), told Bloomberg that bitcoin and other cryptocurrencies “fall a long way short of being able to sustain a monetary system” and really only “masquerade” as real currencies. Speaking in the latest episode of the Bloomberg Benchmark podcast, Shin argued … Continued

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Satellite TV Giant DISH Network Now Accepts Bitcoin Cash

Bitcoin cash has been confirmed as the second cryptocurrency payment option by subscription model pay-TV provider, DISH. As announced on the company’s website, in addition to bitcoin which was adopted in 2014 as a payment system, subscribers can now pay for services using bitcoin cash. Since 1980, DISH Network Corporation has played a significant role … Continued

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Web Browser Brave to Add Cryptocurrency-Based Twitter and Reddit Tipping

Those thousands of hours you spent crafting witty memes while you should have been doing your algebra homework may finally earn you more than retweets and Reddit karma. CNET reports that Brave, the privacy-centric web browser launched by Mozilla co-founder Brendan Eich and funded by an initial coin offering (ICO), plans to roll out Reddit … Continued

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Bitcoin Price Intraday Analysis: BTCUSD Bull Pennant Formation

The Bitcoin price regained some of its lost value on Thursday following a small but noteworthy correction. The BTC/USD pair yesterday established a new intraday low at 6131-fiat, a level that attracted buyers waiting to buy the dip, and has gained as much as 7% value ever since. The early Asian trading hours today witnessed … Continued

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Cryptocurrencies to Constitute 5% of US Investment Pool in 2019 : Survey

Traditional investments such as real estate, stocks and government bonds may still be favorites among U.S. investors but crypto is not to be underestimated as it attracted nearly as much interest as ETFs. According to a survey done by The Harris Poll on behalf of the American Institute of CPAs (AICPA), among the 35% of

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Bitcoin Trading Platform BitMEX Hits 1 Million BTC in Daily Volume [Again]

Bitcoin investors might be suffering under the weight of one of the asset’s heaviest-ever bear markets, but for cryptocurrency derivatives exchanges like BitMEX, the mood is anything but sour. “What market downturn?,” began a press release sent from a public relations firm representing BitMEX, reporting that the Seychelles-based exchange had on Wednesday crossed 1 million

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Yale Economists Share Strategies to Strongly Forecast Bitcoin Returns

At the time when the cryptocurrency industry has recorded a loss of more than $30 billion, two Yale economists believe traders can strongly forecast the volatile market using “potential predictors for cryptocurrency returns.” Aleh Tsyvinski and Yukun Liu published a new study, titled “Risks and Returns of Cryptocurrency,” after researching factors that could accurately predict the … Continued

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Bad Timing: ‘Thousand-Year Cryptocurrency’ Metronome Blames Bear Market After Pedestrian ICO

Bad timing and a less than spectacular user experience — that’s what cryptocurrency startup Bloq says is to blame for the pedestrian $12 million raised through the metronome (MTN) initial supply auction (ISA), referred to by nearly everyone but the company as an initial coin offering (ICO). Bloq made this assessment in a lengthy post-mortem … Continued

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Every Financial Portfolio Should Include Bitcoin, New Research Paper Suggests

The viability of investments into cryptocurrencies is a hotly debated topic. While many investors large and small are still skeptical about virtual currencies like Bitcoin, a growing number of people are starting to come around. In many nations, especially ones fraught with economic and political instability, virtual currencies offer an alternative way to hedge against … Continued

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